1555 Wells AveReno, NV 89502

Property Details for 1555 Wells Ave

Year built

1970

Lot size

0.48 AC

Property size (Sq ft)

6,198 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional Class A retail property, located at 1555 S Wells Ave, Reno, NV 89502, presents a unique investment opportunity. The 6,198 square foot building, situated on a 0.48-acre lot (APN: 014-135-09), boasts a rich history as a renowned Reno restaurant. Completely renovated in 2020, it retains its elegant dark-wood aesthetic while offering modern amenities. The layout includes four private dining areas, ten booths, and three ultra-private booths, accommodating a seating capacity of 250. The fully resurfaced bar and kitchen feature new plumbing, a three-year-old roof, three walk-in coolers, hot and cold line pass-through stations, two large prep areas, and a walk-in wine cellar. Two public restrooms and one kitchen restroom are also included. A 1,200 square foot unfinished basement provides ample storage. A separate external executive office with its own entrance and full bathroom is an added bonus. The property is zoned GC and offers significant upside potential, with strong interest from an organization projecting $500,000 in annual lunch sales. The asking price is $2,700,000 ($435.62/sq ft). This is a vacant, owner/user investment opportunity. Buyer and buyer's agent to verify all information.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5102

Longitude

-119.803

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